(Answered) 1 transactions related to revenue and cash receipts

Accounting

1. Transactions related to revenue and cash receipts completed by Tex Max Inc. during the month of March 2010 are as follows:

Mar. 2. Issued Invoice No. 512 to Browne Co., $820.

4. Received cash from CMI Inc., on account, for $195.

8. Issued Invoice No. 513 to Gabriel Co., $265.

12. Issued Invoice No. 514 to Deacon Inc., $690.

19. Received cash from Deacon Inc., on account, $610.

22. Issued Invoice No. 515 to Electronic Central Inc., $150.

27. Received cash from Marshall Inc. for services provided, $90.

29. Received cash from Browne Co. for invoice of March 2.

31. Received cash from McCleary Co. for services provided, $75.

Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark (true) in the Post.
Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.

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